How the Autumn Budget impacts Law Firms

Hi ZipLawyer! Here's all you need to know about the Autumn Budget plus how it impacts Law Firms.

Don't worry, we got you. The Autumn Budget is the UK government’s annual attempt to balance the nation's books—like me trying to diet right before Christmas!

In this Budget, Labour announced it will raise taxes (by £40 billion) and borrowing (by £30 billion) to fund new public spending (of £76 billion). 

To make it super easy for you, we summarised all the key announcements from the Budget and explained how each one impacts law firms in our usual style.

National Insurance

• What’s the Update? The main rate of National Insurance is going up for employers—from 13.8% to 15%. The threshold for paying in is getting lower, with some allowance tweaks too.
• What Does This Mean? Employers are footing a bigger bill, which translates to more funds headed for the Treasury’s piggy bank. Expect grumbling from businesses.

How Does This Impact Law Firms?